The Central Bank of Sri Lanka (CBSL) said that USD 59.8 million have been spent on sugar and confectionery imports to Sri Lanka in May this year.
This is a 367.7% increase compared to the USD 12.8 million spent on sugar and confectionery imports in May 2022.
Meanwhile, the External Sector Performance report published by the CBSL further said that USD 220.5 million had been spent to import sugar and confectionaries during the period of five months from January to May.
This is an increase of 123.7% in comparison to the USD 98.6 million worth of imports made in the first five months of 2022.
The total cost of importing sugar and confectionaries to Sri Lanka in 2022 was USD 257.8 million, USD 288.8 million in 2021 and USD 277.1 million in 2020.
Source – Aruna
